Is Chandler Heights Citrus, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chandler Heights Citrus was a Seller's Market.
Key Takeaway
Chandler Heights Citrus is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chandler Heights Citrus, AZ
How much do homes in Chandler Heights Citrus, AZ cost?
Median Sold Price
$727,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Chandler Heights Citrus has remained the same since last year.
Summary: The median home sold price in Chandler Heights Citrus was $727,000 in May 2024, down 0.4% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | - | N/A |
| 2 Bedrooms | $622.5K | $401K | -35.6% |
| 3 Bedrooms | $665K | $695K | +4.5% |
| 4 Bedrooms | $756.9K | $730K | -3.6% |
| 5+ Bedrooms | $899K | $1.4M | +58.6% |
Summary: Chandler Heights Citrus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Chandler Heights Citrus | $729.9K | $727K | -0.4% |
| Seville | $700K | $628K | -10.3% |
Housing Supply in Chandler Heights Citrus, AZ
How many homes are available in Chandler Heights Citrus, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Chandler Heights Citrus real estate market had 19 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Chandler Heights Citrus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chandler Heights Citrus, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chandler Heights Citrus in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chandler Heights Citrus, AZ
How long does it take to sell a home in Chandler Heights Citrus, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 161 Days | 123 Days | -24.0% |
Summary: Homes in Chandler Heights Citrus had an average of 123 days on market in May 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chandler Heights Citrus are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Chandler Heights Citrus; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.